SunPower Q1 Adj. Loss Misses Estimates
(RTTNews) - SunPower Corp. (SPWR) announced Tuesday that net loss attributable to stockholders for the first quarter was $50.68 million or $0.29 per share, wider than net loss of $27.87 million or $0.16 per share in the prior-year quarter.
Excluding items, adjusted net loss from continuing operations for the quarter was $0.07 per share, compared to adjusted net income of $0.02 per share last year.
Total revenue for the quarter soared to $440.88 million from $350.28 million in the same quarter last year. Adjusted revenue was $442.54 million.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share on revenues of $420.74 million for the quarter. Analysts' estimates typically exclude special items.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
SunPower CEO Peter Faricy Departs
SunPower Says Q2 Preliminary Revenue Down 11% To $464 Mln
SunPower Q3 Results Top Estimates; Stock Up 13%
U.S. Dollar Drops After Powell's Speech
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed
